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MQB decision

Keewatin Tribal Council Inc. v. City of Thompson, [1989] 2 CTC 206 (Man QB)

The respondents submit that section 268 of the Act provides that such a corporation shall be carried on without pecuniary gain to its members, that all profits and accretions to the corporation shall be used in furthering its undertaking and that the applicant, by purporting to make its members beneficiaries of a trust of the corporate property, has, in effect, conferred a pecuniary gain upon the members in contravention of the Act. ...